$10,000 Closing Credit*
$2,349,000
2,681 SqFt
3 Beds
•3 Full Baths
Linda O'Grady, Listing Office: PREMIER SOTHEBYS INT'L REALTY
Is Lake Butler, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Lake Butler was a Seller's Market.
Key Takeaway
Lake Butler is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lake Butler, FL
How much do homes in Lake Butler, FL cost?
Median Sold Price
$1,207,000
$347/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$16,166(+1.4%)
Key Takeaway
Homes in Lake Butler have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Lake Butler was $1,207,000 in November 2024, up 1.4% from last year, and the median price per square foot was $347.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $1.5M | N/A |
| 2 Bedrooms | $340K | $302.5K | -11.0% |
| 3 Bedrooms | $539.5K | $460K | -14.7% |
| 4 Bedrooms | $1.1M | $1.1M | 0.0% |
| 5+ Bedrooms | $1.7M | $1.8M | +4.6% |
Summary: Lake Butler housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11%, 3 bedroom homes decreased by 14.7%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 4.6%.
Housing Supply in Lake Butler, FL
How many homes are available in Lake Butler, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 198 | 179 | -9.6% |
Summary: The Lake Butler real estate market had 179 homes for sale in November 2024, a 9.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 34 | 31 | -8.8% |
| 4 Bedrooms | 68 | 57 | -16.2% |
| 5+ Bedrooms | 95 | 88 | -7.4% |
Summary: The Lake Butler housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 8.8%, 4 bedroom homes decreased by 16.2%, and 5+ bedroom homes decreased by 7.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 17 | -54.1% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Butler, you may be able to get a good deal. 88.2% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Lake Butler in November 2024, down by 54.1% month-over-month. Of the 17 sold homes, 88% were sold under asking, 12% were sold at asking, and 0% were sold over asking.
Days on Market for Lake Butler, FL
How long does it take to sell a home in Lake Butler, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 37 Days | 82 Days | +123.4% |
Summary: Homes in Lake Butler had an average of 82 days on market in Nov 2024, up by 123.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Lake Butler are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 17 homes were sold in Lake Butler; 41% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 47% of homes were sold over 90 days.
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